(1) This Part applies to—
(a) a broker dealer;
(b) a broker dealer's principal and representative;
(c) a limited service broker;
(d) a limited service broker's principal and representative;
(e) an investment adviser;
(f) an investment adviser's principal and representative; and
(g) a financial journalist.
(2) In this Part, “financial journalist” means a person who regularly contributes advice concerning securities or prepares analyses or reports concerning securities for publication in a newspaper or periodical.
(3) In this Part, a reference to securities is a reference to securities which are listed on a securities exchange licensed by the Commission.